The impact of Brexit on bank efficiency : evidence from UK and Ireland

ABSTRACT: The withdrawal of the United Kingdom (UK) from the European Union (EU) opens an unprecedented scenario for the UK and EU economy. One of the sensitive points concerns the banking sector. This paper considers the impact of the Brexit referendum on the bank efficiency. Using stochastic front...

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Autores: Fernández López, Xosé Luis|||0000-0002-2694-9359, Paz Saavedra, David, Coto Millán, Pablo|||0000-0002-8126-0394
Tipo de recurso: artículo
Fecha de publicación:2020
País:España
Institución:Universidad de Cantabria (UC)
Repositorio:UCrea Repositorio Abierto de la Universidad de Cantabria
Idioma:inglés
OAI Identifier:oai:repositorio.unican.es:10902/19321
Acceso en línea:http://hdl.handle.net/10902/19321
Access Level:acceso abierto
Palabra clave:Brexit
Bank efficiency
SFA
UK
Ireland
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spelling The impact of Brexit on bank efficiency : evidence from UK and IrelandFernández López, Xosé Luis|||0000-0002-2694-9359Paz Saavedra, DavidCoto Millán, Pablo|||0000-0002-8126-0394BrexitBank efficiencySFAUKIrelandABSTRACT: The withdrawal of the United Kingdom (UK) from the European Union (EU) opens an unprecedented scenario for the UK and EU economy. One of the sensitive points concerns the banking sector. This paper considers the impact of the Brexit referendum on the bank efficiency. Using stochastic frontier analysis (SFA) methods, an input-oriented distance function was estimated for 56 British and Ireland leading banks over the 2007 to 2016 period. Results suggest that the uncertainty created by the 2016 referendum has negatively influenced the banking sector. The loss of efficiency is estimated in 5.6% for UK banks and 3.7% for Ireland banks.ElsevierUniversidad de Cantabria20202020-01-01journal articlehttp://purl.org/coar/resource_type/c_6501NAhttp://purl.org/coar/version/c_be7fb7dd8ff6fe43info:eu-repo/semantics/articlehttp://hdl.handle.net/10902/19321Finance Research Letters, Volume 36, October 2020, 101338reponame:UCrea Repositorio Abierto de la Universidad de Cantabriainstname:Universidad de Cantabria (UC)Inglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:repositorio.unican.es:10902/193212026-06-02T12:39:31Z
dc.title.none.fl_str_mv The impact of Brexit on bank efficiency : evidence from UK and Ireland
title The impact of Brexit on bank efficiency : evidence from UK and Ireland
spellingShingle The impact of Brexit on bank efficiency : evidence from UK and Ireland
Fernández López, Xosé Luis|||0000-0002-2694-9359
Brexit
Bank efficiency
SFA
UK
Ireland
title_short The impact of Brexit on bank efficiency : evidence from UK and Ireland
title_full The impact of Brexit on bank efficiency : evidence from UK and Ireland
title_fullStr The impact of Brexit on bank efficiency : evidence from UK and Ireland
title_full_unstemmed The impact of Brexit on bank efficiency : evidence from UK and Ireland
title_sort The impact of Brexit on bank efficiency : evidence from UK and Ireland
dc.creator.none.fl_str_mv Fernández López, Xosé Luis|||0000-0002-2694-9359
Paz Saavedra, David
Coto Millán, Pablo|||0000-0002-8126-0394
author Fernández López, Xosé Luis|||0000-0002-2694-9359
author_facet Fernández López, Xosé Luis|||0000-0002-2694-9359
Paz Saavedra, David
Coto Millán, Pablo|||0000-0002-8126-0394
author_role author
author2 Paz Saavedra, David
Coto Millán, Pablo|||0000-0002-8126-0394
author2_role author
author
dc.contributor.none.fl_str_mv Universidad de Cantabria
dc.subject.none.fl_str_mv Brexit
Bank efficiency
SFA
UK
Ireland
topic Brexit
Bank efficiency
SFA
UK
Ireland
description ABSTRACT: The withdrawal of the United Kingdom (UK) from the European Union (EU) opens an unprecedented scenario for the UK and EU economy. One of the sensitive points concerns the banking sector. This paper considers the impact of the Brexit referendum on the bank efficiency. Using stochastic frontier analysis (SFA) methods, an input-oriented distance function was estimated for 56 British and Ireland leading banks over the 2007 to 2016 period. Results suggest that the uncertainty created by the 2016 referendum has negatively influenced the banking sector. The loss of efficiency is estimated in 5.6% for UK banks and 3.7% for Ireland banks.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-01-01
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
NA
http://purl.org/coar/version/c_be7fb7dd8ff6fe43
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv http://hdl.handle.net/10902/19321
url http://hdl.handle.net/10902/19321
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv Finance Research Letters, Volume 36, October 2020, 101338
reponame:UCrea Repositorio Abierto de la Universidad de Cantabria
instname:Universidad de Cantabria (UC)
instname_str Universidad de Cantabria (UC)
reponame_str UCrea Repositorio Abierto de la Universidad de Cantabria
collection UCrea Repositorio Abierto de la Universidad de Cantabria
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15,300724

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